GALA dances to Snoop Dogg's beats, doubles investor wealth in a week

economictimes.indiatimes.com:

crypto assets have risen from their ashes to deliver handsome returns to those who kept faith in the digital space. One such example is GALA, a metaverse play, which has more than doubled investors' wealth in just one week. However, the token has remained volatile after doubling investors' wealth. It jumped to $0.3718 on Thursday from $0.1799 a week ago, the data from Coinmarketcap suggest. There are a total 6.98 billion GALA tokens in circulating supply, it added.

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GALA is among the top 50 largest crypto assets with a marketcap more than $2.5 billion. The recent rally has led to a sharp profit-booking in the token, as the volume has plunged about 40 per cent to $1.13 billion on Thursday, 2 pm IST. However, market analysts believe that the rise in the price of GALA is not a fluke and is backed by fundamental reasons including Snoop Dogg's involvement, NFTs and rise of play-to-earn theme. «Hip hop artist Snoop Dogg has joined the GALA squad by announcing the launch of his new album 'Bacc on Death Row' music NFTs on Gala music thereby leading to a rally in GALA prices,” said Sharat Chandra, VP- Research & Strategy, EarthID. His new album BODR (acc on Death Row) is available via blockchain. In partnership with blockchain gaming platform Gala Games, Snoop’s NFT LP version offers three exclusive bonus tracks. The Stash Box of NFTs will be available via Gala Music and the Snoop Stash Boxes are limited to 25,000 and are available for $5,000. »The rising price is being cheered by investors who